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Industry | Mining |
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Headquarters | , |
Area served | Minas Gerais, Espírito Santo, Rio de Janeiro e Bahia |
Website | ferrous.com.br |
Ferrous Resources Ltda. is a Brazilian mining company engaged in the research, exploration, exploitation, processing and marketing of iron ore. [1] [2]
Founded in 2007, Ferrous Resources is based in Belo Horizonte (MG). [3] Ferrous has five mines in Minas Gerais [2] [4] and is currently exploring the viability of a potential mineral asset in Bahia. [5] The company is also working on the implementation of an integrated logistics system, which includes the development of a significant slurry pipeline across three Brazilian states, as well as the construction of a new port terminal in Espírito Santo. [2] [4]
Ferrous’ mineral assets are located in the Iron Quadrangle in Minas Gerais [1] [4] and in Coração de Maria, Bahia. [5] They are accessed and processed by the following mines:
The quantity of mineral resources in these areas allows Ferrous to produce a significant amount of iron ore. The firm aims to increase their rate of production to 17 million tons per year by 2016 and 40 million tons per year by 2026. [2] [4]
To ensure the successful operation of the mines of the Iron Quadrangle, Ferrous has also embarked on the construction of a 400 km slurry pipeline. [2] [4] [6]
In September 2013, Ferrous Resources sold an $80 million stake (14.4%) in the firm to Eastern European mining firm Ferrexpo. [7]
In 2019, Ferrous Resources was acquired by Vale S.A., a global mining company headquartered in Brazil. Vale said the "completion of this acquisition is aligned with Vale’s strategy of maximizing the flight to quality in the Iron Ore business." [8] However, a temporary stop in the operations of Vale was made because of some inconsistency in documents. [9]
![]() | |
Industry | Mining |
---|---|
Headquarters | , |
Area served | Minas Gerais, Espírito Santo, Rio de Janeiro e Bahia |
Website | ferrous.com.br |
Ferrous Resources Ltda. is a Brazilian mining company engaged in the research, exploration, exploitation, processing and marketing of iron ore. [1] [2]
Founded in 2007, Ferrous Resources is based in Belo Horizonte (MG). [3] Ferrous has five mines in Minas Gerais [2] [4] and is currently exploring the viability of a potential mineral asset in Bahia. [5] The company is also working on the implementation of an integrated logistics system, which includes the development of a significant slurry pipeline across three Brazilian states, as well as the construction of a new port terminal in Espírito Santo. [2] [4]
Ferrous’ mineral assets are located in the Iron Quadrangle in Minas Gerais [1] [4] and in Coração de Maria, Bahia. [5] They are accessed and processed by the following mines:
The quantity of mineral resources in these areas allows Ferrous to produce a significant amount of iron ore. The firm aims to increase their rate of production to 17 million tons per year by 2016 and 40 million tons per year by 2026. [2] [4]
To ensure the successful operation of the mines of the Iron Quadrangle, Ferrous has also embarked on the construction of a 400 km slurry pipeline. [2] [4] [6]
In September 2013, Ferrous Resources sold an $80 million stake (14.4%) in the firm to Eastern European mining firm Ferrexpo. [7]
In 2019, Ferrous Resources was acquired by Vale S.A., a global mining company headquartered in Brazil. Vale said the "completion of this acquisition is aligned with Vale’s strategy of maximizing the flight to quality in the Iron Ore business." [8] However, a temporary stop in the operations of Vale was made because of some inconsistency in documents. [9]